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PIM

Franklin Master Intermediate Income Trust
PIM

51 hedge funds and large institutions have $61.5M invested in Franklin Master Intermediate Income Trust in 2017 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 14 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

2.41% less ownership

Funds ownership: 25.35% → 22.94% (-2.4%)

7% less funds holding

Funds holding: 55 → 51 (-4)

10% less capital invested

Capital invested by funds: $68.1M → $61.5M (-$6.57M)

21% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 14

40% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 10

Holders
51
Holders Change
-4
Holders Change %
-7.27%
% of All Funds
1.27%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
11
Reduced
14
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$1.04M
2
SG Americas Securities
SG Americas Securities
New York
+$277K
3
CBA
Coastal Bridge Advisors
Connecticut
+$258K
4
Morgan Stanley
Morgan Stanley
New York
+$172K
5
GC
Guggenheim Capital
Illinois
+$159K

Top Sellers

Rank Fund Capital Flow
1
AWMS
Advocacy Wealth Management Services
Georgia
-$3.06M
2
LCM
Landscape Capital Management
New Jersey
-$2.32M
3
Wells Fargo
Wells Fargo
California
-$1.19M
4
SIA
Sit Investment Associates
Minnesota
-$831K
5
SCM
Sterneck Capital Management
Missouri
-$355K
Name Holding Trade Value Shares
Change 		Change in
Stake
BKA
26
Brick & Kyle Associates
Pennsylvania
$67K – – –
SCM
27
Sterneck Capital Management
Missouri
$65K -$355K -74,669 -84%
PAS
28
Partnervest Advisory Services
California
$63K – – –
OC
29
Oarsman Capital
Wisconsin
$56K – – –
PTC
30
Philadelphia Trust Company
Pennsylvania
$53K – – –
Stifel Financial
31
Stifel Financial
Missouri
$52K – – –
PVWM
32
Point View Wealth Management
New Jersey
$50K – – –
PAG
33
Pinnacle Advisory Group
Maryland
$49K – – –
WA
34
WFG Advisors
Texas
$40K -$3.53K -742 -8%
Northwestern Mutual Wealth Management
35
Northwestern Mutual Wealth Management
Wisconsin
$30K +$30.3K +6,375 New
IA
36
IFP Advisors
Florida
$22K -$5.04K -1,060 -19%
AG
37
Advisor Group
Arizona
$14K +$476 +100 +3%
AssetMark Inc
38
AssetMark Inc
California
$11K +$10.9K +2,280 New
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$9K -$87K -18,281 -90%
MFW
40
Mosaic Family Wealth
Missouri
$9K – – –
WA
41
Winfield Associates
Ohio
$9K – – –
GWM
42
Geneos Wealth Management
Colorado
$8K – – –
SFSIG
43
San Francisco Sentry Investment Group
California
$8K – – –
Creative Planning
44
Creative Planning
Kansas
$8K +$4.28K +900 +98%
IF
45
Ironwood Financial
Arizona
$7K – – –
GI
46
Gradient Investments
Minnesota
$7K +$6.66K +1,400 New
US Bancorp
47
US Bancorp
Minnesota
$5K -$4.7K -988 -50%
Citigroup
48
Citigroup
New York
$3K -$38 -8 -1%
NFG
49
Next Financial Group
Texas
$3K – – –
BlackRock
50
BlackRock
New York
$2K – – –
1
2
3

PIM Hedge Fund Activity: Q2 2017 in Review

51 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q2 2017, worth a combined $61.5M — down 9.6% from $68.1M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of PIM and 6 opened new positions — a net loss of 4 holders — while 14 trimmed existing stakes and 11 added.

The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $1.04M. The largest seller was Advocacy Wealth Management Services, cutting an estimated $3.06M.

  • 51 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q2 2017, down from 55 in Q1 2017.
  • Funds reported $61.5M of Franklin Master Intermediate Income Trust stock for Q2 2017, down 9.6% quarter-over-quarter.
  • 6 funds opened new Franklin Master Intermediate Income Trust positions in Q2 2017 and 10 closed out, a net change of -4 holders.
  • The largest Franklin Master Intermediate Income Trust buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $1.04M added.
  • The largest Franklin Master Intermediate Income Trust seller in Q2 2017 was Advocacy Wealth Management Services, an estimated $3.06M sold.

Based on aggregated 13F filings for Q2 2017.